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What is the value of expenditures equilibrium

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Reference no: EM132415186

Given the following parameters for the economy of Pitris:

C=63+0.855Y

I=225

G=177

X=50

T=30+0.05Y

IM = 55+0.105Y

a) What is the value of expenditures equilibrium?

b) Does the government have a budget surplus or a budget deficit at expenditures equilibrium? What is the value of the budget surplus or deficit?

c) What is the value of the multiplier?

Reference no: EM132415186

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